GBP, EUR, USD all struggle to overcome monetary policy worries

The pound was largely on gentle form during the last week, until various reports triggered a bout of volatility on Friday.

Sterling is starting the week on a firm footing. GBP/EUR has risen 0.4% to €1.1281, while GBP/USD has risen 0.2% to US$1.3300.

With key appearances from Bank of England (BoE) members tomorrow, as well as key inflation data, the pound is likely to start the week on volatile form.

Brexit and economy concerns weigh on Pound until weekend climb

The pound largely picked a direction against each of its peers and stuck to it last week, barring Friday’s excitement. A combination of data and fresh Brexit negotiations kept both the economic and political outlook in focus throughout the week.

EUR ends week on poor form as Draghi indicates interest rates will remain low

A run of positive economic data helped the euro to record some steady gains for much of the week, although the fallout from Catalonia’s independence referendum continued to weigh on EUR.

Data and meeting minutes soften USD as rate hike odds slip

While an interest rate hike in December still seems likely, poor data and caution from policymakers weighed on the longer-term outlook, and therefore on the US dollar, last week.

Rising market demand for risk pushes AUD and NZD higher

A quiet data calendar kept the Australian dollar and New Zealand dollar largely at the mercy of market sentiment last week. Risk appetite was waning in the first half of the week, but began to pick up as the weekend approached.